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Music Zone
Music Zone was a music retailer in the United Kingdom, formed in Levenshulme in 1984, as a market stall in Longsight, Manchester. History Soon after, Music Zone opened its first permanent shop in Stockport, and began to expand in the Manchester region, rebranding itself to Music Zone Trade Direct and positioning itself as a value retailer. In February 2005, Music Zone was sold in a management buy-out for £12 million, backed financially by the private equity firm Lloyds Development Capital (LDC), as well as funds from the board of directors. In the twelve months to 31 May 2005, the company made a £4,000 pre tax loss on sales of £70.4 million. Then in January 2006, the company bought forty one outlets from collapsed chain MVC, allowing Music Zone to expand nationwide. All stores were branded to 'Music Zone'. The MVC acquisitions took the estate to 104 stores making the chain the third largest specialist entertainment retailer in the United Kingdom, less than thirty stores behin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fopp (retailer)
Fopp is a British chain of retail shops selling music, film, books and other entertainment products in the United Kingdom. It is owned by HMV. History Origins The company was setup by Englishman Gordon Montgomery and began as a one-man stall in Glasgow, Scotland in 1981. The name "Fopp" comes from the title of a song by the Ohio Players on their 1975 album ''Honey''. By 2007, Fopp had expanded to become a chain of over 100 branches in the UK. With the demise of rival chain Music Zone, Fopp became the third largest specialist music retailer in the UK in terms of shop numbers (after HMV and Virgin Megastores). Administration Having taken over rival chain Music Zone following its fall into administration, Fopp found itself with cash flow problems. The company cancelled book deliveries in June blaming a change in location of warehouse from Bristol to Stockport (the old Music Zone warehouse). On 21 June 2007, the company began accepting only cash transactions, stating card autho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Music And Video Club
Music and Video Club or MVC was a British entertainment retailer which sold DVDs, VHS, audio cassettes, video games, and CDs of popular and specialist titles. At its peak, the company operated 82 stores in the United Kingdom, and also sold products over the internet. The company closed in January 2006, after entering into administration. History MVC was founded by former Our Price directors, who left after W H Smith bought the company. It was bought by Kingfisher plc in 1993, which later spun it off as part of the Woolworths chain in July 2005. In August 2005, MVC was sold to venture capital company Argyle Partners for £5.5 million. In December 2005, however, it entered administration with Kroll. In January 2006, 41 MVC stores were bought by competitor Music Zone. On 25 January 2007, Music Zone also went into administration. 67 former Music Zone stores were taken over by music and book retailer Fopp, including some of the former MVC stores. Fopp, however, also subsequently e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Levenshulme
Levenshulme () is an area of Manchester, England, bordering Fallowfield, Longsight, Gorton, Burnage, Heaton Chapel and Reddish; it is approximately halfway between Stockport and Manchester city centre on the A6. Levenshulme is predominantly residential with numerous fast food shops, public houses and antique stores. It has a multi-cultural and multi-ethnic population of 15,430 at the 2011 Census. The Manchester to London railway line passes through Levenshulme railway station. Historically in Lancashire, Levenshulme is a former township and became a part of Manchester in 1909. Levenshulme, like its neighbour Longsight, was historically a wealthy and middle class district of Manchester, though in the 20th century Levenshulme and many surrounding areas suffered from inner city decline. However, the area is now displaying signs of gentrification and has been described as one of Manchester's most "up and coming" neighbourhoods. History The very early history is so obscure as to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies That Have Entered Administration In The United Kingdom
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Disestablished In 2007
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1984
Retail is the sale of goods and Service (economics), services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturing, manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a Profit (accounting), profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar store, bricks and mortar and Online shopping, online retailing. Digital technologies are also affecting the way that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Retail Companies Of The United Kingdom
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Closed Music Zone Store In Exeter
Closed may refer to: Mathematics * Closure (mathematics), a set, along with operations, for which applying those operations on members always results in a member of the set * Closed set, a set which contains all its limit points * Closed interval, an interval which includes its endpoints * Closed line segment, a line segment which includes its endpoints * Closed manifold, a compact manifold which has no boundary Other uses * Closed (poker), a betting round where no player will have the right to raise * ''Closed'' (album), a 2010 album by Bomb Factory * Closed GmbH, a German fashion brand * Closed class, in linguistics, a class of words or other entities which rarely changes See also * * Close (other) * Closed loop (other) * Closing (other) * Closure (other) Closure may refer to: Conceptual Psychology * Closure (psychology), the state of experiencing an emotional conclusion to a difficult life event Computer science * Closure (com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the admini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Ireland
Bank of Ireland Group plc ( ga, Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Governor and Company of the Bank of Ireland, the ancient institution established by Royal Charter in 1783. History Bank of Ireland is the oldest bank in continuous operation (apart from closures due to bank strikes in 1950, 1966, 1970, and 1976) in Ireland. In 1781, the Bank of Ireland Act was passed by the Parliament of Ireland, establishing Bank of Ireland. On 25 June 1783, Bank of Ireland opened for business at Mary's Abbey in a private house previously owned by one Charles Blakeney. On 6 June 1808, Bank of Ireland moved to 2 College Green. In 1864, Bank of Ireland paid its first interest on deposits. In 1926, Bank of Ireland took control of the National Land Bank. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Megastore
Virgin Megastores is an international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street. In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. The company expanded to hundreds of stores worldwide in the 1990s, but has lost a large number of stores in recent years, largely with the sale and eventual closing of the British, American, Irish, Canadian, Australian, Italian, Spanish, French, Greek, Japanese and Chinese stores. By 2015, it operated only in the Middle East and in North Africa. History Branson's early business ventures Richard Branson and Nik Powell had initially run a small record shop called ''Virgin Records and Tapes'' on Notting Hill Gate, London, specialising particularly in "krautrock" imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. After making the shop into a success, they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
